Iteris Awarded Task Orders Totaling More Than $1 Million by Virginia Department of Transportation for Smart Mobility, Safety and Sustainability Initiatives
May 05 2022 - 8:30AM
Business Wire
New Multi-year Task Orders Expand Company’s
Market Penetration in Mid-Atlantic
- Programs leverage Iteris’ smart mobility infrastructure
management expertise and resources to support region’s goal of
improving safety and mobility for all road users, while increasing
sustainability.
- Iteris will deliver services including an extensive
data portal, real-time truck parking information, weather data
services, and continued operations and maintenance of video and
data distribution services under multiple new task order
agreements.
- Deals represent continued demand for Iteris’ mobility
consulting services in a key geographic market.
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology
ecosystem for smart mobility infrastructure management, today
announced that it has been awarded new task orders totaling more
than $1 million by the Virginia Department of Transportation (VDOT)
for smart mobility, safety and sustainability programs,
representing continued demand for Iteris’ mobility consulting
services in a key geographic market.
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Iteris Awarded Task Orders Totaling More
Than $1 Million by Virginia Department of Transportation for Smart
Mobility, Safety and Sustainability Initiatives (Photo: Business
Wire)
Under the terms of the new multi-year task orders, in addition
to continued operations and maintenance activities related to video
and data distribution services, Iteris will deliver services
including an extensive data portal, real-time truck parking
information and weather data services.
The SmarterRoads Data Portal is a one-stop shop for VDOT data,
with over 1,300 registered users having access to 30 raw and
processed datasets, including information on road conditions,
incidents, work zones, and multimodal transportation and asset
information such as road signs. Signal data are also accessible to
support the connected and automated vehicle industry, third-party
enterprises and the traveling public.
Iteris’ truck parking management system allows truckers to see
the capacity and current number of spaces available at VDOT truck
parking locations. This system allows truckers to more easily find
available parking, and gives trucking companies a tool to better
plan for breaks along delivery routes and supports department of
transportation compliance measures.
Iteris’ weather data services provide data from 97 VDOT weather
sensor stations. Data are processed, archived and made available to
VDOT’s operations and maintenance staff, as well as VDOT’s traveler
information program. VDOT uses these data for situational awareness
for traffic management and event preparations.
“We are thrilled that VDOT is demonstrating its continued
commitment to improving safety, mobility and sustainability in the
Commonwealth of Virginia,” said Dr. Moe Zarean, general manager,
Mobility Operations Services at Iteris. “These initiatives
represent the continued expansion of Iteris’ mobility consulting
services in the Mid-Atlantic, and will ultimately help to increase
the value, effectiveness and resilience of the region’s existing
transportation infrastructure, while also improving air quality and
reducing fuel consumption through improved traffic operations.”
About Iteris, Inc.
Iteris is the world’s trusted technology ecosystem for smart
mobility infrastructure management. Delivered through Iteris’
ClearMobility Platform, our cloud-enabled end-to-end solutions
monitor, visualize and optimize mobility infrastructure around the
world, and help bridge legacy technology silos to unlock the future
of transportation. That’s why more than 10,000 public agencies and
private-sector enterprises focused on mobility rely on Iteris every
day. Visit www.iteris.com for more information, and join the
conversation on Twitter, LinkedIn and Facebook.
Iteris Forward-Looking Statements
This release may contain forward-looking statements, which speak
only as of the date hereof and are based upon our current
expectations and the information available to us at this time.
Words such as "believes," "anticipates," "expects," "intends,"
"plans," "seeks," "estimates," "may," “should,” “will,” "can," and
variations of these words or similar expressions are intended to
identify forward-looking statements. These statements include, but
are not limited to, statements about the awarded task orders and
capabilities and benefits of our mobility consulting services. Such
statements are not guarantees of future performance and are subject
to certain risks, uncertainties, and assumptions that are difficult
to predict, and actual results could differ materially and
adversely from those expressed in any forward-looking statements as
a result of various factors.
Important factors that may cause such a difference include, but
are not limited to, our ability to provide our services in a
cost-efficient manner; government funding and budgetary delays,
issues and timing; performance timing and cancellation of task
orders; the potential impact of product and service offerings from
competitors and other competitive pressures; and the impact of
adverse influences and variances of general economic, political,
environmental, and other conditions in the markets we address.
Further information on Iteris, Inc., including additional risk
factors that may affect our forward-looking statements, is
contained in our Annual Report on Form 10-K, our Quarterly Reports
on Form 10-Q, our Current Reports on Form 8-K, and our other SEC
filings that are available through the SEC’s website
(www.sec.gov).
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version on businesswire.com: https://www.businesswire.com/news/home/20220505005370/en/
Media Contact P-A Rebeyrat Tel: (949) 270-9655 Email:
PRebeyrat@iteris.com
Investor Relations MKR Investor Relations, Inc. Todd
Kehrli Tel: (213) 277-5550 Email: iti@mkr-group.com
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